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They are preparing for the "ask" like any good salesman. The horrendous webcast prepped the baggies for it. The "ask" will be for 500M to 1B shares so they can continue funding their lifestyles via salaries and comp. This is a biotech zombie not running any clinical trials and owes millions. Any serious money raised would be grabbed by creditors. Did they pay the syringe vendor yet? Anyone following that case?
Definitely a less effective version. Dude can't excite the masses imagination like NP used to do.
Evasive language. My guess is CA knows the situation is dire with respect to getting the hold lifted but if he tells the full truth the share price would collapse. Straight out of NP's playbook. He used to be evasive on why the HIV BLA was not accepted, jumping from "receptor occupancy issues" to "syringe problems" and would always say "soon" when asked when the HIV BLA would be accepted by the FDA, until the Amarex lawsuit forced the reveal of the HIV BLA RTF letter and the smoking gun email to Amarex. None of that would have been ever known without the Amarex lawsuit.
Cyrus, just like Pourhassan, will not reveal EXACTLY what the FDA requested and what EXACTLY the problem with the hold is for over a year. You all remember when Pourhassan would be evasive about why the HIV BLA wasn't accepted? Receptor occupancy, syringe, etc. It took a lawsuit to reveal the Amarex email and FDA RTF letter. If Cyrus were to reveal what exactly the problems are, the gig would be over as he then couldn't get away with "probably, hopefully soon" type of language.
HOLD STILL NOT LIFTED AFTER MORE THAN A YEAR! WHY?
The bigger question is why is the BOD not joining him in the slammer since they sat idly by and allowed him to destroy the company? Perhaps it was because they were all being paid orders of magnitude more in compensation than peers? Jordy the Gym Owner, Patel, and Timmins were pulling down $1M (!!) a year in comp. Normal board members in the USA make around $80K a year, btw. Why were they paid that much? What was the need? It sure must have been nice for Pourhassan, Naydenov, and Kelly to rubber stamp anything they wanted since their 3 votes could control the 5 member board.
"Three CytoDyn chairmen — Naydenov, Samir Patel and Alan Timmins — top the Business Journal’s list of highest paid directors of public companies in Oregon and Southwest Washington, with compensation around $1 million apiece. Pourhassan earned $10 million in total compensation last year.:
Source: Portland Biz Journal
But they paid the felon his golden parachute. Had the money for that.
Will Sammy and her swinging axe be an ok substitute for comfort?
Looks like "someone knows something" with the way the stock is tanking.
Those poor monkeys! Think of the terror they must feel when they see Jonah and new Scotty (where art thou old Scotty?) approach with a syringe and vial of leronsaline in hand! LMAO!
I think they can write it off for inventory accounting purposes, but that doesn't mean they have to destroy it unless it passed its expiration date.
They will ask for 500M-1B more shares on the webcast so Paulson can continue to sell to more naive retail investors to keep this thing alive as long as possible. They manage to avoid bankruptcy this way, but how much longer can it last?
haha monkey research guy is the new head of research?! Back to pre-clinical studies to prove the miracle drug from 1998 is in fact safe! haha They will ask for more shares to dilute this thing to infinity and beyond! Anyone with common sense can realize the hold was rejected, otherwise they would have PR'd that it was accepted.
I will be LMAO when the FDA rejects the hold and forces this dog to run Phase 1 trials again. Cyrus is hiding something by not revealing what the 6th piece of data the FDA wanted. Brings back Nadir vibes of "its just a syringe issue".
Yes, that is the one prediction that has not been true, yet only because people underestimated Paulson's continual ability to raise funds by gullible retail investors.
That said, everything else that the same people warned about this company - that NP was engaging in fraud, that SK was a bs artist who wasn't engaging in good faith talks with any big pharma for a partnership or buyout, that MM was a bs artist with his Nasdaq uplisting hype, that the BOD was grossly negligent in allowing all of that to happen under its watch. All of that has proven to be true. That is why the share price is in the 0.30's.
Is that Cytodyn's greatest achievement after all these years, that it isn't bankrupt? That's what you want to hang your hat on? What about the SEC and DOJ indictments of the former CEO that the Board of Directors allowed to destroy the company while they all enjoyed salaries orders of magnitude greater than a normal BOD is paid? What about a mab invented '98 that has ZERO FDA approvals after all these years? What about a company that owes $120M+ to its creditors and is pretty much flat broke now?
NADER IN HERMES ORANGE JUMPSUIT - CHEFS KISS!
Credit to you as you were the only one alleging a kickback scheme between the 2 Iranian buddies long before the formal charges were filed. Its actually to Syrus' detriment to get the hold removed because then he'd have to actually run clinical trials, which costs money that they don't have. Syrus is probably happy just to putter along and keep this corpse animated like a Frankenstein monster just so he can continue collecting paychecks. Hey he got paid a ton of money and used some of that to buy CYDY shares at below market prices with warrants thrown in, that proves the company can't go bankrupt! LMAO!
No I am not saying he is lying. Learn to read. I'm saying he is not the most impartial person and I trust the FDA over him. How much has he been compensated by Cytodyn over the years for his services? What would he do if Cytodyn went bankrupt?
Lalezari derives most of his income from his association with Cytodyn, right? He is not the most impartial judge. I will trust the FDA, which has never approved this drug after 25 years.
FDA stated Cytodyn's subgroup analysis, which is what the 82% claim is, is garbage:
"Here, the data from CD12 illustrated imbalances in mortality among subgroups, some favoring leronlimab and some favoring placebo. None of these analyses met statistical significance when using established and reliable analytical methods that correct for multiple comparisons. However, as noted above, such analyses may inform the design of future clinical trials investigating leronlimab for the treatment of COVID-19. "
Here is the FDA statement on Leronlimab to refresh your memory:
FDA Statement on Leronlimab
LMAO! The FDA specifically addressed these "81% efficacy" claims in the infamous letter issued to the company stating data dredging was not acceptable analysis. This mab from the 90's has never proven anything. The FDA even told Tony Migs in another letter to remove all public references to the drug being "safe and effective". If it were effective why did the FDA order that?
Why has the HIV trial data not published yet. Cyrus the Useless said back in October 2022 it would be published "soon". Its been years since the trial was completed and the only proof that the data was good/effective was Nader Pourhassan saying so. No raw data sets have ever been published by this company in a reputable journal for peer-review, ever.
Cyrus the Useless engages in wishy washy language like "soon" and "possible" just like his esteemed fellow Persian predecessor. All just to CYA without ever achieving anything.
Can he even pay the $1.5M that the syringe supplier is suing for?
What does that change with regards to bankruptcy? He was paid very well by Cytodyn and turned around and bought shares. So what. What did he risk exactly? He also bought in at below market prices directly from the company so he is already at a substantial profit on his shares. Reverse split or bankruptcy all but inevitable for a company with $122M in short term liabilities, dwindling cash reserves fast approaching zero, with a clinical hold on its lone 25 year old molecule.
New Seeking Alpha article out! Conclusion: Reverse split or Bankruptcy most likely.
SA
"soon" in CYDY talk is like dog years, so probably 7 years from October 2022 is when the publication will come out.
PARTNERSHIP FOR NADER WITH THE DOJ AND SEC!!!
But MM would probably tell you that going concern warnings are no big deal and expect Nasdaq in 6 weeks (as he dumps his shares on the pump)!
Everything you've predicted regarding Cytodyn has been wrong. Weren't you saying Nader would never be charged with a crime?
SEC needs to give a Wells Notice and put an end to this so called biotech.
Ask NP how it feels to submit a knowingly false document to the FDA. People here can say its no big deal, but NP is facing 210 years in prison because of that document he signed.
Agreed, also why are the expenses so high when no clinical trials are being run?
Lot of word salad when ockham's razor states it is a worthless mab from the 90's. Had it any worth, your dreaded "big pharma" would have bought it out by now. How different was the world back in 1998 when Pro-140 was invented? No iphone, no facebook, etc. LMAO!
LMAO! It couldn't have been because it was a worthless mab from the 90's that a felon picked up from the trash heap that he then used for a series of pump and dumps?
And what facts do you use to judge that the current management isn't terrible? What has Cyrus and crew achieved in the last 8 months he's been on the job? Do you take it on blind faith that they have actually submitted those documents? Nader also said they had meetings with the FDA and submitted a HIV BLA, but he left out the part that it was a known incomplete submission. How do you know this current management isn't lying like the last one?
Did the guy even file the proper paperwork with the state of CA when he was running his hedge fund BioVega Capital? Wasn't that run out of his house also?
This company seldomly announces bad news in a straight forward way. It still has not released exactly why the HIV BLA was rejected. The former felon CEO actually piecemeal released that the HIV BLA was not fully submitted by burying the news in random unrelated press releases, and that too deep in the PR.
Also, it did not PR when the general counsel left. Also, has it even announced that Reckner left the company?
They will be in default of those $40M in loans they owe Fife next month and the interest doubles right? RIGHT?
The big boys did load cheap at 0.23 and now they can sell to the naive retail and create more bagholders.